Wednesday, September 11, 2024
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PAGCOR to only start casino privatization in 2026

PAGCOR Chairman Alejandro H. Tengco has pushed back the timeline for privatizing its self-run Casino Filipino operations to early 2026.

The Star still in discussions with gov’ts, regulators and lenders over financials

Australian gaming operator The Star is still in discussions with ‘State governments, regulators and the Company’s lenders’ as it attempts to resolve its ‘financial position’.

Wynn launches $800M in unsecured notes, with $130M to go to pay off DOJ fine

Wynn Resorts Finance has launched an offering for $800 million in unsecured notes due in 2033. The proceeds are expected to help cover ‘all or a portion’ of the $130.13 million record fine imposed on the company over unlicensed money transmitting business.

Queensland pubs and clubs EGM revenue rises 13.3% in August, sets new record

Queensland's club and pub gaming sector has achieved impressive results in August, with a 3.8 percent increase in gross revenues monthly and a 13.3 percent yearly rise.

Bloomberry Resorts’ third casino in Cavite expected to open by 2028

Bloomberry Resorts, the operator of Solaire Resorts, plans to open a new casino "Solaire Puerto Azul" in Cavite by 2028, in line with the Philippine government's efforts to expand the country's integrated resort offerings and boost the gaming industry.

PAGCOR to further lower online GGR tax rates for IR operators to 25 percent

The Philippine Amusement and Gaming Corporation (PAGCOR) is going to further lower its license fees on integrated resorts’ online gaming revenues to 25 percent, effective from January 1st, 2025.

Macau GGR sees decline after summer peak: UBS

Macau's daily gross gaming revenue (GGR) has slowed following the end of the summer holiday season, according to UBS.

Chinese football bans 43 for life over gambling and match-fixing scandal

Chinese football authorities have banned 43 individuals for life due to their involvement in gambling and match-fixing scandals. 

PAGCOR expecting delivery of 2,000 new slot machines for Casino Filipino by mid-September

The Philippine Amusement and Gaming Corporation (PAGCOR) is expecting the delivery of nearly 2,000 new slot machines for its Casino Filipino gaming venues by mid-September.

Singaporean gambler ordered to pay $25.3M gambling debt to The Star casino 

A Singaporean businessman, Wong Yew Choy, has been ordered by an Australian court to pay over AU$38 million ($25.3 million) in gambling debts to The Star Gold Coast casino.